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REGISTERED NUMBER: 07939810 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Vodwork PS Limited

Vodwork PS Limited (Registered number: 07939810)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vodwork PS Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I Mirza
S H Mirza





SECRETARY: I Mirza





REGISTERED OFFICE: Preston House 1 Carlton Parade
Preston Road
Wembley
HA9 8NE





REGISTERED NUMBER: 07939810 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Vodwork PS Limited (Registered number: 07939810)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,852 29,837

CURRENT ASSETS
Debtors 5 119,663 81,337
Investments 6 195,481 195,481
Cash at bank 658,550 501,200
973,694 778,018
CREDITORS
Amounts falling due within one year 7 417,098 442,300
NET CURRENT ASSETS 556,596 335,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,448

365,555

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 586,348 365,455
SHAREHOLDERS' FUNDS 586,448 365,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vodwork PS Limited (Registered number: 07939810)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





I Mirza - Director


Vodwork PS Limited (Registered number: 07939810)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Vodwork PS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Vodwork PS Limited (Registered number: 07939810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 891 66,404 67,295
Additions 7,477 - - 7,477
At 31 March 2023 7,477 891 66,404 74,772
DEPRECIATION
At 1 April 2022 - 769 36,689 37,458
Charge for year 1,495 24 5,943 7,462
At 31 March 2023 1,495 793 42,632 44,920
NET BOOK VALUE
At 31 March 2023 5,982 98 23,772 29,852
At 31 March 2022 - 122 29,715 29,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 119,663 81,337

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
New software development cent 195,481 195,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 39,353 -
Trade creditors 158,175 114,044
Tax 44,225 51,374
Social security and other taxes 6,819 5,482
VAT 4,485 2,342
Directors' loan accounts 158,341 265,558
Accrued expenses 5,700 3,500
417,098 442,300

Vodwork PS Limited (Registered number: 07939810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 100 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 365,455
Profit for the year 220,893
At 31 March 2023 586,348